Blanket loan for multiple properties

[Jay Sechowicz]

Hey everyone,

I have a question about financing and multiple properties.  I currently own 3 properties, all still carry a mortgage.  Is there any banks or lenders that offer a loan to cover all three properties (or multiple properties in general) at once?  Would be much easier to take out equity loans if everything was under one loan as opposed to taking out an equity loan on each individual property.  

Thanks,

Jay

[Billy Brown]

@Jay Sechowicz commercial loans are typically 20 or 25 yrs.  The advantage is those loans are based on the asset itself and the Net Operating Income (noi).  As long as you are a solid citizen, they lenders dont' really care about your ability to repay like a traditional mortgage. the other advantage is, as long as its through a entity, when you cross collateralize, you get into a commercial loan and you reset your ability to borrow using fannie and freddie money.